In April this year we recirculated an LSTA Market Advisory first published in 2021 that outlined certain “drafting fixes” for those lenders looking to protect themselves from different types of liability management transactions (LMTs). In July, we updated and expanded that market advisory to take account of recent market developments. Now we have updated that...
This Market Advisory discusses the implications of The Foreign Investment in Real Property Tax Act (“FIRPTA”) in the secondary loan trading market. The blackline, against the document dated August 31, 2022, is attached below as well (it will open as a zip file where both files are located)....
The LSTA has learned recently of deals in the U.S. loan market that depart from the LSTA participation structure, and therefore, has drafted a Market Advisory reminding our members about the important benefits of the LSTA’s structure and the risks of departing from it.
Market Advisory August 26, 2014 FATCA Loan Amendments and Determining Grandfathered Status FATCA withholding tax does not apply to payments made with respect to a loan that was outstanding on July 1, 2014. By definition, these loans are “grandfathered” obligations. Grandfathering status will be lost, however, if such loans undergo a “significant modification” under Treasury...
Operations & Standards, Tax and accounting resources
